Hallenstein Glasson says FY profit edges up as Glassons maintains sales growth

Sun, 11 Aug 2019

By Paul McBeth Aug. 12 (BusinessDesk) - Hallenstein Glasson Holdings said annual profit rose about 2 percent as its womenswear chain maintained sales momentum on both sides of the Tasman but its menswear stores struggled. The company said net profit was $27.7-28.2 million in the 12 months ended Aug. 1, with sales up 3.3 percent at $286.7 million. Last week, the retailer said it will also book a $1.1 million gain on the sale of a downtown Wellington property. "Sales growth was maintained throughout the second half of the year for both...

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